West African Development Bank: Funding, Investors & Team (Sep 2026)
BOAD serves as the community's primary source of development financing. It is an autonomous and decentralized institution of the Union. In order to realize UEMOA's goals without jeopardizing those set forth in the UEMOA Treaty, it helps to gain total independence. It is a public organization with an international scope whose goal is to support the development and operation of a local financial market. The special fund that will be established will be given the responsibility of directly or indirectly absorbing offers and, possibly, fulfilling requests from the public for securities and will be given this responsibility above the banking system.
West African Development Bank has raised $230M across 1 funding round on record, the most recent an undisclosed round of $230M announced in Mar 2026.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
West African Development Bank Company Profile and Key Stats
Latest funding round on record: Mar 2026.
West African Development Bank Funding Rounds
West African Development Bank Founders and Leadership Team
Contact details for the West African Development Bank team: 1 has a LinkedIn profile.
Start 14-day free trial →West African Development Bank Funding Compared to Other Financial Services Startups
West African Development Bank's latest round of $230M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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West African Development Bank Funding FAQs
What does West African Development Bank do?
BOAD serves as the community's primary source of development financing. It is an autonomous and decentralized institution of the Union. In order to realize UEMOA's goals without jeopardizing those set forth in the UEMOA Treaty, it helps to gain total independence. It is a public organization with an international scope whose goal is to support the development and operation of a local financial market. The special fund that will be established will be given the responsibility of directly or indirectly absorbing offers and, possibly, fulfilling requests from the public for securities and will be given this responsibility above the banking system.
How much funding has West African Development Bank raised?
West African Development Bank has raised $230M across 1 round on record. The most recent is an undisclosed round of $230M announced in Mar 2026.
When did West African Development Bank last raise funding?
West African Development Bank's most recent funding round on record is an undisclosed round of $230M, announced in Mar 2026.
Who founded West African Development Bank?
FundedIQ lists Serge Ekue (Founder) at West African Development Bank.
Where is West African Development Bank headquartered?
West African Development Bank is based in Lomé, Maritime, Togo.
How many employees does West African Development Bank have?
West African Development Bank is in the 251-500 employee band.
How does West African Development Bank's funding compare to other Financial Services startups?
West African Development Bank's latest round of $230M is above the $14M median round size for Financial Services companies on FundedIQ across 5,746 tracked companies over the last two years.
About FundedIQ's West African Development Bank Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for West African Development Bank is left off this page rather than filled in.
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